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Side-by-side financial comparison of C3.ai, Inc. (AI) and Bank First Corp (BFC). Click either name above to swap in a different company.
C3.ai, Inc. is the larger business by last-quarter revenue ($75.1M vs $44.9M, roughly 1.7× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -139.3%, a 185.1% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -20.3%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-46.9M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
AI vs BFC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $44.9M |
| Net Profit | $-104.7M | $18.4M |
| Gross Margin | 40.4% | — |
| Operating Margin | -149.2% | 51.0% |
| Net Margin | -139.3% | 45.8% |
| Revenue YoY | -20.3% | 12.1% |
| Net Profit YoY | -58.7% | 4.8% |
| EPS (diluted) | $-0.75 | $1.87 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $44.9M | ||
| Q3 25 | $70.3M | $44.2M | ||
| Q2 25 | $108.7M | $41.6M | ||
| Q1 25 | $98.8M | $43.1M | ||
| Q4 24 | $94.3M | $40.1M | ||
| Q3 24 | $87.2M | $40.8M | ||
| Q2 24 | $86.6M | $38.9M | ||
| Q1 24 | $78.4M | $37.7M |
| Q4 25 | $-104.7M | $18.4M | ||
| Q3 25 | $-116.8M | $18.0M | ||
| Q2 25 | $-79.7M | $16.9M | ||
| Q1 25 | $-80.2M | $18.2M | ||
| Q4 24 | $-66.0M | $17.5M | ||
| Q3 24 | $-62.8M | $16.6M | ||
| Q2 24 | $-72.9M | $16.1M | ||
| Q1 24 | $-72.6M | $15.4M |
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 62.1% | — | ||
| Q1 25 | 59.1% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 59.8% | — | ||
| Q2 24 | 59.6% | — | ||
| Q1 24 | 57.8% | — |
| Q4 25 | -149.2% | 51.0% | ||
| Q3 25 | -177.7% | 50.8% | ||
| Q2 25 | -81.8% | 49.7% | ||
| Q1 25 | -88.7% | 51.3% | ||
| Q4 24 | -79.8% | 54.4% | ||
| Q3 24 | -83.2% | 50.7% | ||
| Q2 24 | -95.1% | 51.0% | ||
| Q1 24 | -105.3% | 45.6% |
| Q4 25 | -139.3% | 45.8% | ||
| Q3 25 | -166.2% | 40.7% | ||
| Q2 25 | -73.3% | 40.5% | ||
| Q1 25 | -81.2% | 42.3% | ||
| Q4 24 | -69.9% | 49.3% | ||
| Q3 24 | -72.0% | 40.6% | ||
| Q2 24 | -84.2% | 41.3% | ||
| Q1 24 | -92.6% | 40.8% |
| Q4 25 | $-0.75 | $1.87 | ||
| Q3 25 | $-0.86 | $1.83 | ||
| Q2 25 | $-0.60 | $1.71 | ||
| Q1 25 | $-0.62 | $1.82 | ||
| Q4 24 | $-0.52 | $1.75 | ||
| Q3 24 | $-0.50 | $1.65 | ||
| Q2 24 | $-0.59 | $1.59 | ||
| Q1 24 | $-0.60 | $1.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $243.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $643.8M |
| Total Assets | $961.3M | $4.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $243.2M | ||
| Q3 25 | $711.9M | $126.2M | ||
| Q2 25 | $742.7M | $120.3M | ||
| Q1 25 | $724.3M | $300.9M | ||
| Q4 24 | $730.4M | $261.3M | ||
| Q3 24 | $762.5M | $204.4M | ||
| Q2 24 | $750.4M | $99.0M | ||
| Q1 24 | $723.3M | $83.4M |
| Q4 25 | $771.9M | $643.8M | ||
| Q3 25 | $798.8M | $628.1M | ||
| Q2 25 | $838.3M | $612.3M | ||
| Q1 25 | $860.2M | $648.4M | ||
| Q4 24 | $859.0M | $639.7M | ||
| Q3 24 | $874.9M | $628.9M | ||
| Q2 24 | $873.4M | $614.6M | ||
| Q1 24 | $898.0M | $609.3M |
| Q4 25 | $961.3M | $4.5B | ||
| Q3 25 | $968.7M | $4.4B | ||
| Q2 25 | $1.0B | $4.4B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | $1.0B | $4.5B | ||
| Q3 24 | $1.1B | $4.3B | ||
| Q2 24 | $1.0B | $4.1B | ||
| Q1 24 | $1.1B | $4.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $62.5M |
| Free Cash FlowOCF − Capex | $-46.9M | $51.0M |
| FCF MarginFCF / Revenue | -62.4% | 113.6% |
| Capex IntensityCapex / Revenue | 0.5% | 25.5% |
| Cash ConversionOCF / Net Profit | — | 3.40× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $75.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $62.5M | ||
| Q3 25 | $-33.5M | $15.5M | ||
| Q2 25 | $11.3M | $11.9M | ||
| Q1 25 | $-22.0M | $6.2M | ||
| Q4 24 | $-38.7M | $65.8M | ||
| Q3 24 | $8.0M | $18.8M | ||
| Q2 24 | $21.3M | $14.9M | ||
| Q1 24 | $-39.1M | $1.3M |
| Q4 25 | $-46.9M | $51.0M | ||
| Q3 25 | $-34.3M | $12.5M | ||
| Q2 25 | $10.3M | $8.2M | ||
| Q1 25 | $-22.4M | $4.0M | ||
| Q4 24 | $-39.5M | $58.6M | ||
| Q3 24 | $7.1M | $16.9M | ||
| Q2 24 | $18.8M | $13.7M | ||
| Q1 24 | $-45.1M | $551.0K |
| Q4 25 | -62.4% | 113.6% | ||
| Q3 25 | -48.8% | 28.2% | ||
| Q2 25 | 9.5% | 19.8% | ||
| Q1 25 | -22.7% | 9.3% | ||
| Q4 24 | -41.9% | 146.3% | ||
| Q3 24 | 8.2% | 41.5% | ||
| Q2 24 | 21.7% | 35.3% | ||
| Q1 24 | -57.6% | 1.5% |
| Q4 25 | 0.5% | 25.5% | ||
| Q3 25 | 1.1% | 6.7% | ||
| Q2 25 | 0.9% | 8.7% | ||
| Q1 25 | 0.4% | 5.0% | ||
| Q4 24 | 0.9% | 18.0% | ||
| Q3 24 | 1.1% | 4.5% | ||
| Q2 24 | 2.9% | 3.1% | ||
| Q1 24 | 7.8% | 2.1% |
| Q4 25 | — | 3.40× | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 3.75× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | — | 0.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
BFC
Segment breakdown not available.
